More than 900 PIMCO employees will participate in more than 100 diverse, community-based projects around the world. The effort is part of the year-round
global Volunteer Initiative spearheaded by the PIMCO Foundation, which was established in 2001 to support nonprofit organizations operating within the
firm’s communities.

Many PIMCO employees volunteer year-round, directly and through organized events. The annual Global Week of Volunteering and other PIMCO Foundation
sponsored events aim to bring together company employees, their families and friends to help empower some of the world’s most vulnerable populations to
reach their full potential. This year, all PIMCO offices around the world will hold events.

“PIMCO and its employees believe in giving back to their communities,” said Doug Hodge, PIMCO’s Chief Executive Officer and President of the PIMCO
Foundation. “By working with local organizations, the PIMCO Foundation is committed to improving lives, communities and culture by empowering those in
need.”

Hong Kong – preparing hot meals at Food Angel, and distributing the meals to a few of Food Angel’s recipient agencies

London – helping to deliver an IT class for unemployed adults seeking to get back into the workforce

Munich – renovating Munich’s largest animal shelter and sanctuary

Newport Beach – presenting an interview skills workshop to military veterans at Working Wardrobe’s VetNet program; painting a mural designed by a former
patient at Children’s Hospital of Orange County (CHOC); serving lunch to the homeless at Someone Cares Soup Kitchen

New York – sorting children’s books for pediatric waiting rooms through Reach Out and Read; facilitating a financial literacy workshop for students from
Harlem Children’s Zone; packing and delivering 300 lunches to the homeless in Battery Park with Bridges Outreach, Inc.

Sydney – removing litter and debris around the foreshore of Sydney Harbor

The PIMCO Foundation is the charitable arm of PIMCO, based in Newport Beach, California, which helps people around the world to reach their full potential
by engaging, empowering and investing in communities. It carries out its mission by identifying areas of urgent community need and volunteering time and
financial resources to support high impact projects and programs; through education with a focus on financial literacy and college readiness; and by
investing in people through partnerships fostering economic development. The PIMCO Foundation was founded in 2001 and launched its volunteer program in
2007. In 2011, the firm established the PIMCO Foundation Europe.

Except for the historical information and discussions contained herein, statements contained in this news release constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO's
sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government
regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the
date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances
after the date of such statements.
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